113 Warren StTrenton, NJ 08608

Property Details for 113 Warren St

Year built

1950

Construction

BRICK

Lot size

0.04 AC

Property size (Sq ft)

3,573 SF

Zone code

HIST

Property type

Other commercial real estate

APN

11 00107-0000-00011- 01

APU

110010700000001101

Description

This exceptional mixed-use property at 113 S Warren St, Trenton, NJ 08608, offers a unique investment opportunity. The 3,396 square foot building, constructed in 1950 and renovated in 2017, boasts a profitable ground-floor restaurant tenant under lease until February 27, 2025. The first floor comprises approximately 1,400 square feet of commercial space, plus a basement. Two 700 square foot, one-bedroom apartments occupy the second and third floors, each featuring a washer/dryer and newly installed ductless mini-split heating and cooling systems. All units have separate meters for gas and electric. The restaurant features central AC and an 11' cooking hood. The owner's utility bill is under $300 monthly. The property sits on a 0.04-acre lot (APN: 11-00107-00011 01) and is zoned HIST. Located in Trenton's central business district, it benefits from high pedestrian traffic and is part of a business improvement district focused on enhanced cleaning, safety, marketing, and tourism. The city is actively developing a "restaurant row" district with planned sidewalk upgrades. Grants are available for exterior improvements. The property enjoys convenient access to major roadways (Routes 29, 129, 195, 295, 206, and 31), proximity to the Trenton Transit Center, Mill Hill Park, and the NJ Statehouse. Nearby developments include significant residential projects adding to the area's growth potential. The asking price is $529,000 ($155.77/sq ft), and a stabilized pro forma indicates a 9% cap rate. The property is offered fee simple.

• Alternative Use

  Use

  Valuation

  Residential

  $676,151

  Hospitality

  $619,351

  Educational

  $515,293

  Medical

  $533,014

  Retail

  $801,566

Location Insight

City

Trenton

County

Mercer

State

New Jersey

Latitude

40.219

Longitude

-74.7663

CBSA code

45940

CBSA name

TRENTON-EWING, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].